Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities Update Crude oil consolidation had continued in recent days But, retail traders are building downside exposure Is this a sign that WTI may resume higher next? Recommended by Daniel Dubrovsky How to Trade Oil Crude oil prices have been consolidating as of late, taking
Share: Oil prices are currently up by more than 25% this quarter. Economists at ING expect Brent to break above $100 in the near term. However, they do not believe such a move will be sustainable. Oil price rally likely to continue, but not sustainable in the longer run We expect Oil prices
Share: Oil (WTI) slides lower and starts flirting with first important support near $88. The US Dollar value keeps increasing as markets price in a possible persistent rate differential between USD and other currencies. Higher Oil prices have negative implications even for Oil producers. Oil prices drop for a second day in a row,
Goldman Sachs says that while a sustained climb in oil prices could slow consumption and economic growth it will be a “manageable headwind” for the U.S. economy. “While we forecast consumption growth to slow during the fall and winter, we think higher oil prices are unlikely to cause consumer spending and GDP to decline” The
Share: WTI crude oil trades with over 0.50% losses after hitting a high of $90.34. Federal Reserve’s decision to hold rates but project higher rates for the next year has snapped WTI’s three-week rally. Oil prices were cushioned by a drop in oil rigs count in the US, along with China’s economic recovery
United States CFTC Oil NC Net Positions: 328.4K vs 326.9K لینک منبع : هوشمند نیوز
Share: The USD/CAD is recovering for Friday after slipping to 1.3425. Rising oil prices are bolstering the CAD, but the USD has been finding market support. Canadian Retail Sales rose for July, but slightly less than expected, reducing CAD upside. The USD/CAD is set to finish out Friday near where it started, trading
Total rigs 630 versus 641 last week. Down -11 on the week Oil rigs versus 507 vs 515 last week. Down -8 on the week. Gas rigs versus 118 vs 121 last week. Down -3 on the week. Crude oil was trading at $89.95. It has seen a move up to $90.23 currently. This article
Share: WTI is strung up near $89.00/bbl after slipping off of recent highs. US crude barrels briefly saw $92.00 in the midweek on continuing supply concerns. Price pressures have eased heading into the weekend, but prices are set to continue rising. West Texas Intermediary (WT) US crude oil is struggling to hold onto
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
